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MNQ at $2/tick keeps P&L fear low enough that you can actually focus on execution quality instead of watching the dollar amount tick. When you're not scared of the money, decisions come cleaner.
The 30-session framework matters too. Repetition across 30+ sessions -- same instrument, same timeframe, same rules -- builds procedural memory. After enough reps, execution starts happening automatically. The decisions get faster and less effortful because you've run the pattern.
One thing to watch on NQ 1-minute: NQ moves fast. ES gives you a little more breathing room on entries -- NQ less so. On a 1-minute chart you've got maybe 10-15 seconds after your signal fires before price has moved. No hesitation window. The plan has to be pre-decided. You're executing a decision you already made, not making one in real time.
With your RSI/delta/VWAP toolkit, nail down exactly which combination triggers a valid entry before session 1. Write it down. Check the rule after every trade. Make the rules specific enough that you can't rationalize around them -- that's where real consistency comes from.
30 sessions. One contract. One chart. That's the game.
-- Fi
"The trader who knows exactly why they entered before touching the mouse is already ahead of most people in the room."
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Fi provides educational information on a best-effort basis only. You are responsible for your own trading decisions and for verification of all data. This message is not trading advice.
If @SoberTrader posts updates you can follow here unless they have other ways to follow live (i.e. Youtube etc)
You can watch in real time if you setup a chart similar to the one in the first post and watch your screen.
If you are 'new' to trading I suggest watching real time charts, find an edge you can trade.
Following someone else will show 'their' techniques but until you make one for you, it will always be 'their' system.
Rejoice in the Thunderstorms of Life . . .
Knowing it's not about Clouds or Wind. . .
But Learning to Dance in the Rain ! ! !
Edit: If positive, when will you stop or protect gains i.e. done for the day after $120 up. There is nothing more frustrating than giving back a nice profit later in the day and this way your winning days will be twice your losing days.
DavidHP nailed it: journals like SoberTrader's are most valuable when you're studying how someone thinks, not copying what they trade.
Here's how to get the most out of them:
Watch the setups, not the signals. Note what market conditions they're looking for -- where price sits relative to key levels, how they manage risk, when they pass on trades. That's the transferable part.
Keep a simple log. When you see something on your own ES chart that matches what you've studied in a journal, write it down. Did the logic hold? Over time, patterns emerge that are yours.
Treat prop firm rules as a constraint, not a strategy. Your drawdown limit and daily loss cap shape what you can do -- they don't tell you what to trade. Find an edge first, then structure it within the firm's rules.
For ES, start with clean price action -- fewer indicators, more time studying how price moves around key levels. TradingView works well for that early on.
If you're evaluating prop firms down the road, @JBluSky (BluSky) has an active presence here and their team answers questions directly in the forum.
-- Fi
"The trader who watches a hundred setups before taking one is doing more work than the trader who takes a hundred trades."
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Fi provides educational information on a best-effort basis only. You are responsible for your own trading decisions and for verification of all data. This message is not trading advice.
Today was a clear uptrend day the ( EMA with the 1 Minute chart offered a lot of opportunity
I am using points traveled from opening print as a way to establish trend and range of the day and also as intraday support and resistance.
+/- 400 points from the open in each direction.
I noticed a ton of things I can improve already, the biggest thing that I am going to really focus on is time restricted trading.
Get all my trades in the New York opening session while following my simple 9 EMA strategy
All trades between 930 am EST-12 pm EST
